WestRock Company announced results for its fiscal third quarter ended June 30, 2017.

WestRock’s net sales were $3,695.6 million, an increase of %99.1 million from third qaurter 2016. The $99 million increase in net sales was primarily attributable to $194 million of increased Corrugated Packaging segment sales and $29 million of increased Land and Development segment sales, partially offset by a $115 million decrease in Consumer Packaging segment sales.

Cash from operations was $589 million in the third quarter of fiscal 2017 compared to $532 million in the prior year period. Total debt was $6.52 billion at June 30, 2017, including $289 million for the fair-value of debt stepped-up in purchase accounting.

“Our WestRock team delivered strong earnings and cash flow, and grew our differentiated packaging business by completing the acquisitions of Multi Packaging Solutions (MPS) and U.S. Corrugated, which have expanded our presence in attractive markets and increased our vertical integration,” said Steve Voorhees, CEO. “We increased our daily box volumes over the prior year by 5.7%. While we continue to face a challenging cost environment, we are focusing on areas within our control – serving our customers well and driving synergy and productivity improvements across our company.”

Third quarter 2017 highlights included earnings of $1.29 per diluted share and $0.74 of adjusted earnings per diluted share. WestRock generated net cash from operating activities of $589 million and adjusted free cash flow of $473 million, and achieved $94 million in year-over-year productivity improvements and an annual run rate of $760 million of synergy and performance improvements.

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